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For this month’s resource blog, we collected articles on gender equality and women in the workforce in honor of International Women’s Day on March 8. Read through the articles below to learn more about gender equality in Africa and in the venture capital and private equity space.
- The Power of Parity: Advancing Women’s Equality in Africa - A McKinsey report makes the economic case for gender parity in Africa. The punchline: $316B could be added to the continent’s GDP in 2025 if all countries matched the progress towards gender equality of their best-performing neighbor. (McKinsey & Company)
- World’s 22 Richest Men Wealthier than All the Women in Africa, Study Finds - Oxfam calculates that the world’s 22 richest men are wealthier than all the women in Africa, with a total of 12.5B hours a day of unpaid care work. (The Guardian)
- How Women Venture Capitalists Invest Says a lot About the Inequality in their Field - The vast majority of female VCs are investing primarily in early-stage startups, in the seed and series A funding rounds. Part of the reason they are investing mostly in the early stages is that female VCs have trouble pooling the large sums of money needed for later-stage funding, says Jessica Peltz, a partner at VC firm MDC Ventures. “It’s a big problem,” she adds. (World Economic Forum)
- Moving Toward Gender Balance In Private Equity Markets - Women are significantly underrepresented among the investment decision-makers at private equity and venture capital firms, as well as in the leadership of companies that receive this investment capital. Women hold only 10 percent of all senior positions in private equity and venture capital firms globally, and women-led enterprises collected less than 3 percent of global venture capital in 2017. (IFC)
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